Factors Affecting the Effectiveness of Risk Management in Small and Medium Enterprises in Forest Product Processing Industry Northern Midland of Vietnam

Author(s)

Thi Thu Hoai Pham , Xuyen Kim Dinh , Lua Thi Pham , Lan Thi Ngoc Nguyen ,

Download Full PDF Pages: 202-209 | Views: 1101 | Downloads: 329 | DOI: 10.5281/zenodo.3490247

Volume 7 - November 2018 (11)

Abstract

Micro, small and medium sized enterprises are considered significantly important to the growth of any economy. However, these businesses are vulnerable to risks, such as business risk, finding, budgeting, etc. The scheme to prevent risks of small businesses, nevertheless, is not systematically developed and performed. This paper studies the risk management processes in micro, small and medium sized companies based on a case small and medium enterprises processing forest products in Midland of Northern Vietnam. This paper reviews risks, the process of risk management, the role of risk management in corporations, project risks, the management processes. Quantitative research is based on questionnaires used

Keywords

Risk management, SMEs, enterprises processing forest products, midland of Northern Vietnam

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